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I am Indian Male, 25, IIT Delhi Electronics, Decent GPA (Top 20% of class, 8.2/10 which is above 3.7 in US Standards). Worked with PIMCO, global asset management firm for two years on their California Trading Desk as part of Global Portfolio Team straight out of IIT, have been running my startup for past 1 year which won US Accelerator Competition and secured seed funding from US Investors. GMAT Score is 730 (took way back in 2010, V - 38, Q - 50).

Do I need to give GMAT Again to increase my score from 730 to 750+, will that significantly help me in increasing my chances, what I am worried about is that effort could be put into honing my application.

Would really appreciate if anyone has any advice. My target schools are Stanford, HBS, Wharton, Chicago, MIT and Columbia

Given your target programs, you should do everything you can to hone your applications. They must be outstanding. If prepping for a GMAT retake would compromise that effort, then it’s not worth it. Your GMAT is OK for these programs. A 750 would help – so if you can retake with modest or reasonable effort (i.e., without compromising the applications) then definitely do so. But even an 800 won’t help if your applications are less than super, so applications should be the priority.